Investment volume by Azerbaijan’s mobile operator in country’s ICT announced

Azerbaijan's mobile operator Azercell Telekom invested 84.5 million manat in the development of the country's telecommunications sector as of 2013 compared to 133.14 million manat in 2012, company head Cyril Gaburici said on Feb.27 at a press conference on the results of the operator's activity in 2013.

The total volume of the company's investments in the country's economy amounted to one billion manat over 17 years, according to the company head.

The company transferred 111 million manat to Azerbaijan's state budget in the form of taxes in 2013. Tax payments amounted to nearly one billion manat during the whole period of the company's activity in the country.

In 2013 Azercell Telekom installed 1200 new base stations providing high quality voice and Internet connections throughout the country.

The total number of base stations was 5500 as of late 2013, Gaburici said.

Over 260 of the total number of the company's base stations in Baku and in Absheron peninsular support the 4G network providing high-speed internet and voice connection through CSFB solutions.

Azercell Telecom LLC was founded in 1996. The company's network comprises 53 percent of the mobile market and covers 99.8 percent of the country's population. The number of subscribers amounted to 4.5 million by late 2013.